Capital Research Global Investors grew its position in shares of UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 126.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,042,049 shares of the healthcare conglomerate’s stock after buying an additional 7,293,009 shares during the quarter. UnitedHealth Group accounts for 0.8% of Capital Research Global Investors’ portfolio, making the stock its 24th largest position. Capital Research Global Investors owned about 1.44% of UnitedHealth Group worth $4,503,419,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in UNH. Sagard Holdings Management Inc. bought a new position in shares of UnitedHealth Group during the second quarter valued at $29,000. Foster Dykema Cabot & Partners LLC grew its position in shares of UnitedHealth Group by 69.4% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 83 shares of the healthcare conglomerate’s stock valued at $29,000 after acquiring an additional 34 shares during the period. Islay Capital Management LLC purchased a new position in UnitedHealth Group during the second quarter valued at $31,000. Hurley Capital LLC lifted its position in shares of UnitedHealth Group by 81.6% during the 3rd quarter. Hurley Capital LLC now owns 89 shares of the healthcare conglomerate’s stock valued at $31,000 after buying an additional 40 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new position in shares of UnitedHealth Group in the third quarter worth approximately $32,000. 87.86% of the stock is currently owned by hedge funds and other institutional investors.
UnitedHealth Group Stock Down 0.5%
Shares of NYSE UNH opened at $284.97 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a 50-day simple moving average of $307.41 and a two-hundred day simple moving average of $325.89. UnitedHealth Group Incorporated has a 1 year low of $234.60 and a 1 year high of $606.36. The company has a market cap of $258.67 billion, a P/E ratio of 21.61, a PEG ratio of 1.32 and a beta of 0.41.
UnitedHealth Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Monday, March 9th will be given a $2.21 dividend. This represents a $8.84 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, March 9th. UnitedHealth Group’s payout ratio is 67.02%.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Weiss Ratings downgraded UnitedHealth Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Mizuho decreased their target price on UnitedHealth Group from $430.00 to $350.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. KeyCorp reiterated an “overweight” rating on shares of UnitedHealth Group in a research report on Wednesday, January 28th. Leerink Partners reduced their target price on shares of UnitedHealth Group from $410.00 to $345.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. Finally, Wells Fargo & Company dropped their price target on UnitedHealth Group from $400.00 to $370.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $372.13.
Read Our Latest Stock Report on UnitedHealth Group
UnitedHealth Group Company Profile
UnitedHealth Group Inc is a diversified health care company headquartered in Minnetonka, Minnesota, that operates two primary business platforms: UnitedHealthcare and Optum. Founded in 1977, the company provides a broad range of health benefits and health care services to individuals, employers, governmental entities and other organizations. Its operations span commercial employer-sponsored plans, individual and Medicare and Medicaid programs, and services for customers and health systems in the United States and selected international markets.
UnitedHealthcare is the company’s benefits business, administering health plans and networks, managing provider relationships, and offering coverage products for employers, individuals, and government-sponsored programs.
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